[Video] Common Fears about Retirement: Manage Your Retirement Anxiety
Dec 07, 2023A common concern among those planning for retirement is the fear of running out of money. It's a question we encounter frequently: "Can I do it? Will my savings last?"
The answer to this question depends on various factors, including your desired withdrawal rate, your expected lifespan, and your unique circumstances.
Fortunately, financial professionals can provide valuable guidance to help you understand and manage these concerns. By establishing rules of the road and considering trade-offs, you can gain a clearer perspective on your financial situation. While the process may not always bring complete satisfaction, it can greatly alleviate the fear of running out of money, providing you with peace of mind as you embark on your retirement journey.